Fed's Musalem leans toward supporting October interest rate cut

By Michael S. Derby (Reuters) -Federal Reserve Bank of St. Louis President Alberto Musalem suggested Friday he will support a central bank interest rate cut at the end of the month, while warning it's important for the Fed not to go too far with easing the cost of credit amid still unsettled inflation risks. Responding to a question about lowering rates at the next Fed meeting, the official said “I could support a path with an additional reduction in the policy rate if there are further risks to the labo ...